Insurance Archive

President Donald Trump’s decision to end key federal payments to Obamacare insurers “will lead to substantial” losses of revenue for health plans, a new analysis finds. Avalere Health said that insurers nationally will lose $1 billion in federal funds as a result of Trump’s dramatic move, unless it is reversed by Congress or halted by court order. The cost-sharing

The odds of passing a newly proposed bipartisan “short-term fix” for Obamacare got longer Wednesday as House Speaker Paul Ryan’s office indicated he opposes the bill — even as a leading senator said the bill has enough Republican support to easily pass the Senate if a vote is held. “The speaker does not see anything that changes his

A devastated house in Morovis Puerto Rico. Hurricane Maria passed through Puerto Rico leaving behind a path of destruction across the national territory. Shares of insurance and reinsurance companies fell Tuesday after estimates of damage from Hurricane Maria to Puerto Rico rose. AIR Worldwide said Monday it estimated industry-insured losses from the hurricane will be between $40

Talk about rising above the masses. Dubai staged the first public test of its drone taxi service on Monday, offering a peek at what it might—or will—be like to commute by flying car. The self-piloting, electric Volocopter is less noisy and has a smaller physical and environmental footprint than a traditional helicopter. Offering space for

Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear. Sitting in the entrance of his Guapa Papa restaurant Monday surrounded in caution tape, Antonio Luna said: “This is